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+++ Protecting the future of Charlton Athletic +++

2

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  • Encouraging stuff.   Well done CAST.

    Assume they are working the press angles too.

    I am surprised this ownership farce complete with its bitches, ditches, fake breasts and face sheikhs  has not been picked up on more widely given the lack of sport to write about.

    Its very bad PR for anyone who thinks they have a reputation to defend (not applicable to a wanker like Southall obviously)  .
  • Ferryman said:
    Joined for the first time a couple of weeks ago. I understand the points of concern about the trust. But this is the main vehicle for anything to be done around the company model if this is indeed possible. There is absolutely a place for CL and other fans forums, but for a fiver give 'em a chance to get something done . Christ we need it!
    If everyone who came out of the woodwork for Wembley paid a fiver think of the war chest.
    Enough to get Matt Mouthall a new car?
  • Ferryman said:
    Joined for the first time a couple of weeks ago. I understand the points of concern about the trust. But this is the main vehicle for anything to be done around the company model if this is indeed possible. There is absolutely a place for CL and other fans forums, but for a fiver give 'em a chance to get something done . Christ we need it!
    If everyone who came out of the woodwork for Wembley paid a fiver think of the war chest.
    £200K? 
  • Delighted to hear you have rejoined @Addickted and @Richard J.

    I joined the Trust Board in 2015 so have no idea about that train incident. We are a fairly mild-mannered bunch in my opinion, though we have plenty of robust discussions among ourselves and with others.
  • Could there be anything that CAST do to somehow dedicate this initiative to Seb then perhaps many more will sign up to the cause?. It could be a fitting tribute to Seb
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  • Addickted said:
    Richard J said:

    My problem with them was that they did not discipline an Executive Committee member when he was involved in an incident on a train with another supporter in 2014 which meant that they were both ejected from the train by the BTP. I felt that the fact that Richard Wiseman didn't take any formal action about this meant I couldn't continue in membership because I didn't want an Official body to have a poor man's Danny Dyer in an Official capacity when they needed to represent us with the club  
    @PragueAddick pissed again.
    Someone spilt bovril on his gilet....
  • se9addick said:
    I'm seriously considering becoming a member, but I do have some concerns about these plans for potential fan ownership. I appreciate it is early days, but if you could go into some more detail about this it would be greatly appreciated.

    My main concern is how the structure would work, and who the people in charge would actually be.

    Thanks
    I don’t really see how any more details could be provided at this point and, if they could, would we really want to give the strategy away before we’re ready to play our hand?
    Um yes, if they are asking, or will be asking for money?
  • Cafc43v3r said:
    se9addick said:
    I'm seriously considering becoming a member, but I do have some concerns about these plans for potential fan ownership. I appreciate it is early days, but if you could go into some more detail about this it would be greatly appreciated.

    My main concern is how the structure would work, and who the people in charge would actually be.

    Thanks
    I don’t really see how any more details could be provided at this point and, if they could, would we really want to give the strategy away before we’re ready to play our hand?
    Um yes, if they are asking, or will be asking for money?
    Sorry posted with out reading the reply. 
  • Joined CAST when the wheels started to come off under Roland. £5 a year seemed to be the least I could do. The size of the voice this represents is key. Target 10k for starters?
  • Well done CAST, and thank you for always being so pro-active on behave of the fans and club. Much appreciated.
  • JamesSeed said:
    Wish the fan ownership model could happen at Charlton. Can’t think of a better support base to take this forward. 
    48% investors 52% fans is it?
    Early days to be talking percentages, but from memory Portsmouth Trust owned 48% which was made up of 1,000's of fans contributions of various amounts. The remaining 52% was still 'fan' owned I believe but by a number of wealthy fans (15 or so) who put in considerable sums each. Each side raised around £3m.
  • Addickted said:
    £3m is about the amount Keohane project managed for the Sparrows Lane Trench.
    I wonder what old TK is up to today?
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  • edited April 2020
    Cafc43v3r said:
    se9addick said:
    I'm seriously considering becoming a member, but I do have some concerns about these plans for potential fan ownership. I appreciate it is early days, but if you could go into some more detail about this it would be greatly appreciated.

    My main concern is how the structure would work, and who the people in charge would actually be.

    Thanks
    I don’t really see how any more details could be provided at this point and, if they could, would we really want to give the strategy away before we’re ready to play our hand?
    Um yes, if they are asking, or will be asking for money?
    Way too early. There’ll have be quite a bit of research done, and talks with clubs like Portsmouth who have been down that route, before they can have a proper feel for how it would work. 
    ‘The club were saved from liquidation after being bought out by the fan-owned Pompey Supporters Trust (PST). This made Portsmouth the largest fan-owned football club in England until 3 August 2017, when the PST sold it to The Tornante Company, an investment company owned by former Disney CEO Michael Eisner.’
    In Argentina and Brazil almost all clubs are owned by their members on a not for profit basis. 
    In Germany a majority control by a single entity (person, or company) is not permitted by the German Football League. The law suggests a registered club should have minimum 7 members. The League requires that either a club, or a limited company which is controlled by a club with 50% + 1 vote can get a license to participate in the German 1st or 2nd division. There are exceptions though.
    In Spain the fan-owned pro teams are: Athletic Bilbao, Osasuna, Barcelona, Real Madrid. 
    Just sayin’ (as they say).
  • edited April 2020
    Rob7Lee said:
    JamesSeed said:
    Wish the fan ownership model could happen at Charlton. Can’t think of a better support base to take this forward. 
    48% investors 52% fans is it?
    Early days to be talking percentages, but from memory Portsmouth Trust owned 48% which was made up of 1,000's of fans contributions of various amounts. The remaining 52% was still 'fan' owned I believe but by a number of wealthy fans (15 or so) who put in considerable sums each. Each side raised around £3m.
    For every day fans, how much are we talking to take ownership and how much do said fans have to contribute each year, bearing in mind most clubs in EFL lose around £5m+ a year. 
  • Joined last night for the first time, I've been very impressed with CAST over recent times and hope I can help them to do their bit to save our club. 
  • JamesSeed said:
    Cafc43v3r said:
    se9addick said:
    I'm seriously considering becoming a member, but I do have some concerns about these plans for potential fan ownership. I appreciate it is early days, but if you could go into some more detail about this it would be greatly appreciated.

    My main concern is how the structure would work, and who the people in charge would actually be.

    Thanks
    I don’t really see how any more details could be provided at this point and, if they could, would we really want to give the strategy away before we’re ready to play our hand?
    Um yes, if they are asking, or will be asking for money?
    Way too early. There’ll have be quite a bit of research done, and talks with clubs like Portsmouth who have been down that route, before they can have a proper feel for how it would work. 
    ‘The club were saved from liquidation after being bought out by the fan-owned Pompey Supporters Trust (PST). This made Portsmouth the largest fan-owned football club in England until 3 August 2017, when the PST sold it to The Tornante Company, an investment company owned by former Disney CEO Michael Eisner.’
    In Argentina and Brazil almost all clubs are owned by their members on a not for profit basis. 
    In Germany a majority control by a single entity (person, or company) is not permitted by the German Football League. The law suggests a registered club should have minimum 7 members. The League requires that either a club, or a limited company which is controlled by a club with 50% + 1 vote can get a license to participate in the German 1st or 2nd division. There are exceptions though.
    In Spain the fan-owned pro teams are: Athletic Bilbao, Osasuna, Barcelona, Real Madrid. 
    Just sayin’ (as they say).
    Your telling me this why?   The German rules are great because everyone has to follow them. 

    Are any of these club's grounds owned by a Belgian business man who the fans have campaigned against for years?  And who is asking North of £50 million for it? 

    Do any of these clubs require £21 million in the bank to cover less than 18 months running costs?

    I don't think it's wrong to ask the question, which had already been answered, hence my appilogy post. 
  • se9addick said:
    Rob7Lee said:
    Rob7Lee said:
    JamesSeed said:
    Wish the fan ownership model could happen at Charlton. Can’t think of a better support base to take this forward. 
    48% investors 52% fans is it?
    Early days to be talking percentages, but from memory Portsmouth Trust owned 48% which was made up of 1,000's of fans contributions of various amounts. The remaining 52% was still 'fan' owned I believe but by a number of wealthy fans (15 or so) who put in considerable sums each. Each side raised around £3m.
    For every day fans, how much are we talking to take ownership and how much do said fans have to contribute each year, bearing in mind most clubs in EFL lose around £5m+ a year. 
    My own personal opinion;

    Seems £1 is the going rate to buy a club :wink: if not a negative amount.

    Running costs though, In reality, in League 1 & League 2 with a decent sized regular support it's more than possible to be competitive and not lose much money (Pompey when fan owned weren't running at a loss I don't believe).

    The championship is a different matter. RD had cut running costs to the bone and we know we pretty much had a bottom 3 budget yet were still losing 200k a month I believe if not a bit more, so on the assumption you don't make a profit on player sales thats your starting point.

    Of course though, as we know, revenue was down BECAUSE OF RD's ownership and on that sort of budget you're unlikely to stay in the Championship for long.

    Nobody is saying fan ownership is the route to the big time, nor that it is necessarily the right thing for CAFC right now. But we need to be prepared to step in IF that is what is required and is the best thing for the club.
    Would rather be in League One, sustainable and fan owned than another absolute charlatan/nutcase comes in and does something awful with our club (again).
    I would rather be fan run AFC Charlton in the eighth tier of English football than be run by another chancer in the Championship.
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